Chinese Fintech Firm; 13% downturn in Hong Kong debut

Bairong Inc. a Chinese fintech firm drop during its Hong Kong debut, the second listing in the financial hub this week to disappoint following a global selloff in China’s technology sector.



Shares of the artificial intelligence-powered technology platform fell by as much as 13% to HK$27.55 in Hong Kong. The company had priced its shares at HK$31.80 each in the IPO offering, the high end of its indicated range. (Bloomberg, Yu)

2 views0 comments
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.